Real estate industry still looking for triggers, turnaround possible after six months

06 June, 2012

Real estate fund managers are facing a double whammy – investing in a sector with volatile price movements and facing a tough market when it comes to raising real estate-focused funds. But Sunil Rohokale, CEO & managing director at ASK Investment Holdings Pvt Ltd, and head of ASK Group’s real estate fund, ASK Property Investment Advisors, is quite unfazed. He is currently overlooking plans to raise $250-300 million for ASK’s first offshore real estate fund amid tough market conditions. In an interview with VCCircle, Rohokale spoke about the state of the realty market, challenges of raising a real estate fund when India is going off-radar for LPs, investments from its second domestic fund where it has already raised Rs 900 crore, exits from the first fund and more. Here are the excerpts:


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Real estate industry still looking for triggers, turnaround possible after six months

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